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The VEBF Continuing Education Program is a Village Employees Benefit Fund Program that provides financial assistance to qualified POA employees so they may pursue educational opportunities in technical training, certification programs, and college level work related to employment at the HSVPOA. The program intent is to assist selected employees so they may expand their proficiency, augment expertise, and strengthen their skill sets; in doing so, better serve Hot Springs Village.

Policy:

The CEP of the VEBF is funded through the general solicitation of funds from Village residents and businesses. 

POA Employees at Pay Grade ten (10) or below are eligible to apply for Continuing Educational Assistance.

For Employees, Continuing Educational Assistance may fund college level work, technical training, or certifications in specific areas like project management, software, etc.

Awards for certification programs are payable in full at the commencement of the program. Technical school awards or certifications are payable according to the fee schedule of the technical school or training institution for approved course work. College CEPs are awarded on the basis of one academic year, half of the award payable prior to the Fall semester and half prior to Spring semester.

There are no restrictions on how many times an applicant may apply for or be awarded assistance.

Application for funds cannot be made to be used to pay off prior educational loans.

The Treasurer of the VEBF Board will be responsible for sending appropriate checks to the college for placement in the recipient’s financial account or to the entity offering training certification. Checks will not be made payable to the recipient. Funds are to be used for tuition, books, labs, or course fees.

The Chair(s) of the CEP are from the VEBF Board of Directors. Chairs will establish and maintain all necessary files to administer and manage the CEP program.

A CEP committee of not more than nine (9) members from the HSV community are charged with the administrative duties necessary to manage the funding process. The final decision on applicants and the funding level remains with the VEBF Board of Directors.

An Employee awarded funds for college level course work must exhibit a grade point average of 3.0. An official certified transcript is required for verification. In the event a recipient does not maintain a 3.0 (B grade point average for either semester for which the funds were awarded), the CEP commitment ends.

An awardee who drops out of college level course work during the semester will not be eligible for assistance for the following semester even if he/she returns to the college.

Procedures:

The VEBF Board of Directors will set aside the Continuing Education Program (CEP) allocated amount of funds from donations during the annual fundraising campaign as of December 31 of the calendar year. First come, first served based on Fund abilities.

The CEP Committee will release publicity to the POA on the CEP including how to apply.